in the box office takings last year for the social network a biographical drama describing the founding of a facebook website eighteen year old angry to not ski from moscow may become another mark zuckerberg it took him three days to build his chat roulette social networking site when the number of users reach tens of millions he appeared unprepared for media attention and business proposals. of course i received offers basically from us and less of them venture pants but actually i don't know yet how to speak to those people i'm not sure what goes they're pursuing they want to invest in the project has a good future i think. so coming up with an idea for a popular site is only part of the deal the next step is marketing and being a computer genius is not enough here maybe that's why ninety thought percent of those who try to make a fortune online fail know that site giant says facebook and twitter are preparing

to asia's stocks and go public analysts cautiously reminded them of the dot com bubble burst in two thousand and nine hundred ninety s. investors infatuated with internet based companies as stock prices soared until eventually that comes turn into dot barmes undermining the nasdaq. here you just saw this guy we interviewed him he used to you know you said he had a chance but he blew it is not true not insists he still has a chance to lose just that many what was something. well. i don't think something was the terribly wrong i think he has given his age eighteen years old if i'm not mistaken and he has many more years ahead of him and i think even with this particular project many more good things can happen and.

i think he has a. he has a first mover advantage still because he was actually the first to call for a new media platform and i wish him a lot of luck is now he is one of the russians so you know you know. he was about the same age maybe a couple of years old drea actually he was a lot older he was when he started twenty one his study was. really taking years off your work couple of years with one major difference between this guy and then and this i think is a major difference between seventeen years old and twenty years yes really yes he saw the business is so young that a sample of years clearly as though you are too old for the business yes it's a time for some difference and i think for some difference in this age group actually becomes a lot. but are you too old for this business i am too old for this business here

look used to it and you are successful but i am for all to succeed as entrepreneur and as an engineer but maybe not to all the world continued my commencement but to make investments you should feel what i was talking about intuition not only calculate but feel the generation of what they think you should feel the way they feel because the money made the social that was that feelings and it is about making it a feeling happier something out how can you feel that. he your next generation or well rather previous generation will i think it's perfectly well curiosity mostly i mean i'm very curious about. how their lives will be interested in how they spend. what is media consumption and how it's different

from how we consume media i think it's mostly wild curiosity than anything else. great. great words. said by an american many years ago is from that mistake and if i knew there was something that is not available in america i would become a building in that phrase so. americans are very good at seeing opportunities so how did it happen that you saw opportunities in america mostly which americans themselves didn't see curiosity you know what something else i i think it's a combination of factors it's all a bit of luck to you as you mention it's also really started investing in us in the middle of the crisis and that was a little bit of depressed view of the world at the time. and.

but also i think. maybe one of the major factors is that at the time we had more experience than other investors in investing in social networks who invested and for social networks before facebook and i don't think there was any investor in the world at that time and invested in for social networks as we did so we just had a little bit of a head start at the time. and therefore will rush. three russian and one in poland and they also see including the polish one i didn't hear nothing about published in the they're all successful so far and the polish one was sold last year. yes yes so we'll. you're the director general of d.s.t. global and the first russian venture capitalist in the fortune top fifty spotlight

will be back shortly after we take a break so we continue this interview in less than a minute stay with us them down. wealthy

british style. market why not. come to. find out what's really happening to the global economy with mike's concert the no holds barred look at the global financial headlines tune in to cause a report on our team. welcome back to spotlight i'm all grown up and just a reminder that my guest in the studio today is the military the director general of the the first russian venture capitalists in the fortune fifty list. if. you are one of the people that is investing money. and your money

is developing the internet making it more and more part of our everyday lives is any of a thought here a russian here a russian invest another american there's a saying you should think about things like like the internet is it good or is it evil. i think it's a little balls it's like always a double edged sword some people use. to make things worse and a lot of people use it to my things better so you will as always you know. you know appeal if you. can it can be very damaging to your whole thing abusing you thing you can be seen as you can prove can pick someone you know send but there's nothing bad about to print. them out so nothing's getting so bad

but for example what would you prefer would you recommend you or your kid having a friend or having fifty friends in facebook you know the so-called friends i would never met i'll recommend fifty friends in facebook or in contact. or in. mail because actually the statistics trolls that ninety percent of the friends on social networks are real friends. around here real people know real friends somebody that you are friends with in real life you are friends with him on social network. on line of research so there's a real underground i don't believe there is revelations oh no i heard i heard statistics today in the morning that seventy percent of people in social networks in russia have false identity another sign that's not true. blue chip that

it's it's the sister cold research the company provided it's over ninety percent of troy dancing in my name in your of kentucky's lady gaga you know now here really everybody said send me your signs or picture i do that. ninety percent if it's interesting because it's a self policing community because again if you have a false identity you cannot have real friends. right so because this network has real real friend in the engine it's is the friend that you knew for a few years in real life even somebody you meet yes but are we moving to a situation when you actually never meet the people yet you make friends with the internet and you don't actually need real life because all those guys they were there you look at nights you know it's four o'clock in the morning they say this is

what when the school is when the this is when their life begins yes i think what happens is that as the number of friends is basically constant the everest number of relationships that any every person has is about one hundred twenty it's it's a fundamental constant over the last few thousand years and it's called the dunbar number so it's it's a number of the actual staggers during all kind of research so hundred twenty relationships you can maintain your life given the kind of the size of the brain you have everything that goes with it i think i think what internet really needs and especially for you to continue investing in growing is artificial intelligence because because the sooner i get access to artificial intelligence the number of my friends race the thousands and the number of people who i can where can be contacted in contact with what will be

a little it isn't so well they do believe that this is what is going to happen that the pretty soon this sort of artificial intelligence will will start will be invented and then we'll know living. pretty soon i think maybe in the next ten twenty years. but i don't believe this will change lives so drastically as you said i think i've official intelligence and a good sort of enhanced ground of what we have. and. i don't believe the changes but i'm just so dressed up i think i prefer the intelligence can be useful in many other ways you know it's counsel just you and your relationships for example you. know that you actually mean you know well that you should divorce the wife because there's it's going to get a little like my facebook is that what you just made the right there i'm sure fifteen years ago. for some people yes. but the majority i hope

you're. ok. why didn't you oh what you doing in the silicon valley what why aren't you doing the same thing in russia i am doing the same thing you are yes in fact it was the other way around i started investing in russia ten years ago and then you moved away and made millions in a van for eight years ago since losing to russia and then on the last two years it was a little bit of both and will be the start up to you doing startups today giving away thousands and tens of thousands of dollars for a start up first and you're not doing it in russia or you already are now this is actually in the works this is something i'm working on right. launch a similar project in russia so you think the perspective of the same sort of business in russia is also pretty good and pretty sure it is just kind of on

a different scale obviously because. because because of the richer work longer because you know other countries have had starts like us you know they're much more advanced. on the technology front but russia has an advantage in human capital at least the basic advantage if you look at the world championship in programming the russian teams won six out of the last ten years so russia and the russian talent is actually very highly regarded globally. actually i care more about the football world cup we don't mention that if you talk about catching up with what is still a bit of that notion of. today everything's moving so fast i think i think it was you said that today in three days the the the the volume of information and

content that the developed in the net is more than the kid the human race has developed for. for ages is that true yes. i did not came up with the . ok this is the fact it's a fact but today when everything's so fast do you think that a country like russia that's a little bit behind. can never catch up with will who were the united states when japan countries like. i think of russia as a tool to rethink its talent. which obviously is out there. i think there is a pretty good chart to take a significant chunk of the spike you can catch up when you're running if we if we could track and field running ten miles and somebody out there like a one minute head start you can still catch up only for the marathon but if a sprint then you're a one second there are and you never catch up because as to fast yes i think that's

i think is a marathon difference a marathon this means that more and more people will be making more money like yourself in this field. i'm sure that the kids because information technology is going to be bigger and bigger piece of global g.d.p. does that mean that money will be will be drifting from real business from real life into into virtual life into virtual business because more money more opportunity. i think saw goodison for actual will be will become a part of a real. convert for the real. world basically virtual is another way for real life to express itself so i think we're kind of really talking about the same thing. media do you think media will exists. newspapers television radio does anybody need them and what i think so i think it

will exist i hope a bit of this because i'm a big consumer of that here. maybe because of the generational gap watched news on t.v. yes i can watch news on t.v. all the news are are in the net and they are faster. and then you can choose and select them you can tell your to wait for another three hours when the news bulletin goes on and then you hear something about here just like thirty seconds of when it will go out what's interesting and then i had to read thirty minutes is about nothing i agree i little retard. i'm in the old ways still. myself so i read in books are you still reading books i am reading a real war setting pay pay pay pay pay people i am reading paper books but less so how many books do you read. a month like

a month in the last few months i have not read so you don't want. your code money because of probably because of too much trouble and i think you're becoming an american you know because for russia it's not about a book a year is going to do it it's not reading books or american a book a year is ok we'll catch up but it will be catching up ok now is is rush do you think russia is a place. at which the world's i t think knowledge is of high technology and should be looking because we talk a lot today about innovation about building our own silicon valley outside moscow do you think this is going to happen well i can only. see. somewhere where you know i know what's going on which is internet and russia is already in the top five global superpower. together with us china japan south korea sanctions and the like thank you thank you very much for

being with us and good luck to you just reminded us my guest today was a beauty millner of the doubt general d.s.p. global and the first rush should venture capitalist in the fortune teller fifty that's it for now problem policy if you want to have your sales spotlight or maybe you have someone in mind for you think rationing through next time to drop me a line of kalgan of. our year and let's keep spotlight interactive movie back with more than common funnel going on in side russia so then players have to take tricky .

we'll. bring you the latest in science and technology from around. the future.

as colonel gadhafi once again refuses to be prised from power in humanitarian crisis is being played out on the libyan border. we've come to the region to find out how sellers of people are coping as they see it so many lives join us in a few moments some more. as the flood of refugees also reaches europe oil prices spike their fears of radical islamic group take hold over look at what implications the young breast would have been far beyond the reach. of a clash of the news titans between america and the world. the u.s.

secretary of state hillary clinton says thank you as is in a name from a friend war with foreign media and is losing it among those who are winning the war she named r t i'll be back with more in just a few minutes. live from our studios in moscow you're watching our thanks for joining us now the libyan leader colonel gadhafi is promising more violence if u.s. or nato forces there to intervene well it's his latest salvo as he bids to cling to power meanwhile the u.n. is warning of a humanitarian crisis as thousands of libyans flee across the border to tunisia are these polls leader has more on the situation in the region. at least a hundred and eighty thousand people who have so far fled libya and some seventy five thousand of them arriving here in tunisia most of them are foreign labor as

they are being housed at a border point intense where they receiving food and medical supplies aid workers who are on the scene are warning that this is reaching crisis point and we're hearing reports of crisis and chaos at these border points as gods struggle to keep the situation under control now the fighting is continuing throughout the country at several times between forces loyal to the leader moammar gadhafi and rebel forces particularly in those areas around the libyan capital tripoli government forces are struggling to retain control and create create to keep in place a buffer zone around what is still the leaders stronghold we are increasing the fears that the situation could deteriorate into civil war in his latest televised address moammar gadhafi warned against international intervention he said that thousands of libyans would die if they was any kind of international forces on his soil he also said that he was something a symbol but the real power was in the hands of the people and as such he could not

meet the calls to dissolve the government and to implement any kind of constitutional reforms he also vowed in quite a strong statement that he would fight until the last man and the last woman to remain in power and other structures are continuing at the united nations over a proposed no fly zone over libya now and this idea has been suggested by the object prime minister david cameron if indeed he goes ahead and commit sins of to it in essence britain will be committing itself to shooting down aircraft now the idea has been rejected by many in the international community including russia they say that it is for libyans to determine their own fate and their own future it is worth noting though that british troops are in the libyan town of been guarding this community for nearly two weeks and there are also growing concerns that they might take over chemical weapons. cars that are in that town and this is because london has indicated that it has fears it could not use these stockpiles against his own people the official reason though for those british troops being there is

humanitarian reasons it's a little also the official reason that's been given by the united states for warships that it's to ensure the region it says it is with the ships might be used or at least are planning to use them in humanitarian efforts but that all options are on the table and this has raised concerns yet that big might be behind the scenes some kind of plan for international intervention despite the libyan saying that they do not want to have this as a libyan crisis region saw a song or raising up whether to get involved there was ben as director of the washington. institute for policy studies believes that nato military intervention is on realistic and its recent posturing is just showing off. this is an old story in washington where humanitarian intervention is the excuse of the day i don't think we're going to see the possibility of troop deployments or even necessarily ship involvement i think this is partly a show of force to intimidate gadhafi and to make nice as it were to the new

leadership that will be rising in libya to create a new government when gadhafi is overthrown there is no doubt that people in washington and london and elsewhere are scurrying around desperate to figure out ways of ensuring that they get in on the ground floor with these new these new governments that are going to be in power that they are or oil companies that it chevron and b.p. rather than russian or chinese or other oil companies the people of libya face an even harder challenge than then the people of egypt and tunisia and other countries that have existing governmental institutions in place that they can take over and use as the base in libya there are no such institutions there is no parliament there is no constitution all of this is being created whole cloth it's an incredibly exciting moment for people in libya but they're paying a huge price in blood to make that possible the democratic revolution that is

underway in libya are indigenous home grown revolutionary processes and they don't need us government forces to teach them about democracy they are claiming it on their own and that needs to be respected. more on the fallout from the rest of the middle east and north africa in just a moment but first let's take a look at what else is ahead for you this hour a war of words u.s. secretary of state hillary clinton lost more taxpayer. gansett information on foreign media. and stepped back a hold of well yeah. also for the rich cultural legacy. now the ripples caused by the unrest in northern africa and across the middle east are now being felt far and wide. out of the situation. let's look at the implications of the ongoing unrest in the northern african region and what it means

for the rest of the world geographically libya tunisia egypt in algeria and these are just some of the countries affected by the civil unrest there just across the sea from europe and this to me that hundred forty thousand people have already fled unrest in libya into neighboring tunisia and egypt but the likelihood they'll actually stay there is rather slim it's all he has already received as many as ten thousand refugees who continue to pour into the country france greece and spain may just be next in line even before. the prospect of massive immigration has always been europe's wars tonight. in real terms it has never been substantial we have always been below thirty thousand. every year. clearly the overthrow of the governments poses a whole different set of issues and what europe will be able to do.